EV Energy Partners, L.P. is engaged in the exploration, development and production of oil and natural gas properties. During the year ended December 31, 2008, the Company’s properties were located in the Appalachian Basin (in Ohio and West Virginia), Michigan, the Monroe Field in Northern Louisiana, Central and East Texas (which includes the Austin Chalk area), the Permian Basin, the San Juan Basin and the Mid-Continent areas in Oklahoma, Texas, Kansas and Louisiana. In 2008, the Company had estimated net proved reserves of 5.9 million barrels (MMBbls) of oil, 266 billion cubic feet (Bcf) of natural gas and 9.6 MMBbls of natural gas liquids, or 359.2 billion cubic feet equivalent (Bcfe). In May 2008, the Company acquired oil properties in South Central Texas. In August 2008, the Company acquired oil and natural gas properties in Michigan, Central and East Texas, the Mid-Continent area (Oklahoma, Texas Panhandle and Kansas) and Eastland County, Texas.